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JAYNIC SECURES PLANNING CONSENT FOR HERMES WAREHOUSE AND A 160,000 SQ FT SPECULATIVE UNIT AT SUFFOLK PARK, BURY ST EDMUNDS

JAYNIC SECURES PLANNING CONSENT FOR HERMES WAREHOUSE AND A 160,000 SQ FT SPECULATIVE UNIT AT SUFFOLK PARK, BURY ST EDMUNDS

Jaynic has secured planning consent at Suffolk Park, Bury St Edmunds, for a new warehouse to be occupied by parcel carrier Hermes Parcelnet Ltd, together with consent for a speculative 160,000 sq ft warehouse to cater for the strong occupier demand in the region. These units form part of phase three of the 2.3m sq ft Suffolk Park development.

Contractor Parkway has won the contract to build the first two units with construction due to start imminently for completion in August 2022.

Ben Oughton, development director of Jaynic, says: “We pre-let the 76,000 sq ft unit to Hermes earlier in the year. This shows the strong and sustained demand at Suffolk Park over the last couple of years for a range of sizes,” adds Oughton.

 

Julie Baird, Director for Planning and Growth at West Suffolk Council, said: We are proud that our vision and our work to invest in and secure the infrastructure and the land for the allocation at Suffolk Park is continuing to attract and create new employment opportunities here in West Suffolk.  The Suffolk ark allocation was always intended to cater for a range of employment types such as company headquarters, logistics operations and units for start-up and small businesses as well as a strong mix of skilled jobs. We are seeing these coming forward, which is good news for the people of West Suffolk.”

Companies taking space at Suffolk Park to date include Weerts Group (Skechers), MH Star UK Ltd, Unipart Logistics, Treatt, Sealey and The East of England Ambulance Trust accounting for approaching 1.75m sq ft of space.

Suffolk Park offers prospective occupiers bespoke buildings on a design & build basis alongside a rolling programme of speculative development.

It is located within one hour of the Port of Felixstowe, the UK’s largest container port dealing with 42% of Britain’s containerised trade. In 2015 it was ranked as the 37th busiest container port in the world and Europe’s 6th busiest.

Bury St Edmunds is located on the strategically important A14 corridor, linking Felixstowe to the Midlands and London via the M11. The town boasts a variety of production and distribution occupiers including major national operators such as M H Star UK Ltd, Unipart, Sealey, Greene King, British Sugar, Century Logistics, Treatt, Atalian Servest, Mizkan and Taylor Wimpey.

Major residential development is underway in the town with over 5,000 new homes allocated and construction commenced, to help the town’s continued economic growth and to accommodate an expanding workforce.

Marketing agents for Suffolk Park are Hazells, Savills and Bidwells.

Article by Jaynic

JAYNIC is an established property company that specialises in promoting land for residential and employment development through the planning process, the implementation of pump-priming infrastructure and development of buildings on a speculative and bespoke basis.

Jaynic has recently been appointed by Mid-Suffolk Council’s development company as joint venture partner on its Gateway 14 site with potential for 2m sq ft of business, warehousing and high-tech innovation space on the A14 at Stowmarket.

Jaynic’s Suffolk Park major employment site in Bury St Edmunds, is now well established. Global flavour and fragrance solutions company Treatt plc recently moved into the 112,000 sq ft first phase of its HQ there. Also, logistics companies are locating on the park with Unipart taking  a 206,000 sq ft warehouse and an 870,000 sq ft warehouse is being built for Belgian logistics group Weerts as its first location in the UK. This follows on from garden furniture import company M H Star taking a 105,000 sq ft warehouse in 2020.

Jaynic has developed the EpiCentre innovation centre for young entrepreneurial and biotech companies on its Haverhill Research Park and is working on a further 1.75m sq ft business park at the former RAF airfield in Shepherd’s Grove near Stanton, Suffolk.

On the residential side, acting on behalf of a landowner, it won a planning consent for a 125 unit residential scheme with 30% affordable housing at Red Lodge on the A14 and sold the site to Barratt Eastern Counties.

Its development activity over the last 25 years has been predominantly focused on East Anglia with schemes in the early years including Cambridge Research Park, Buckingway Business Park at Swavesey, the University of Essex’s, Knowledge Gateway, and Haverhill Business Park.